Wiley Accounting
Weekly Updates

Discussion Topics for Today's Classroom

Sobeys sees higher prices

Description: While Loblaws hit the news last week on the taxation front, another big Canadian grocer, Sobeys, made the news by predicting an increase in food prices. The reason: transportation costs and tariffs. An increase in minimum wages in some jurisdictions is also offered as another reason for rising prices.

1) How much do you budget for groceries each month if you are living off campus? Is this prospect of rising prices a concern?

2) The article talks about the earning per share of Sobeys in the most recent quarter. Check out chapter two of Wiley’s Financial Accounting: Tools for Business Decision Making, to see how this is calculated.

3) Where can you find information on how transportation costs (or freight costs) are factored into the cost of inventory in Wiley’s Financial Accounting: Tools for Business Decision Making?